Powersports Business January 2025 | Page 9

Unlock the full potential of your dealership .
www . PowersportsBusiness . com

NEWS

Powersports Business • January 2025 • 9

AMA Hall of Famer Mary McGee passes

AMA Motorcycle Hall of Famer Mary McGee , a pioneer for women riders , passed away on November 27 at the age of 87 . As one of the first women to race motorcycles in motocross and road racing events in the U . S ., McGee inspired generations of women riders across the country with her acts of courage despite facing backlash due to her gender .
“ Mary McGee devoted her life to promoting the motorcycling lifestyle to women throughout America , and did so with unrelenting passion and spirit ,” says Rob Dingman , president and CEO , AMA . “ Her contributions to motorcycling will never be forgotten , and her legacy within our sport will live on forever .”
Born in Juneau , Alaska , on December 12 , 1936 , McGee spent much of her youth away from motorcycling . McGee moved to the continental U . S . at a very young age to live with her grandparents in Iowa . In 1944 , McGee ’ s

KTM

CONTINUED FROM PAGE 8
designed to be at the top of the reference segments . Something no one outside the company has yet seen . The people who made these results possible will remain in Varese , and nothing will change regarding business operations , as the ownership has never interfered with them .
The current situation of the shareholding structure is still being defined , with shareholders working together to determine the future corporate structure , aiming to ensure that MV Agusta continues to grow and reach the heights it deserves .
The entire MV Agusta team thanks you for your support and trust , yesterday , today , and tomorrow .”
Meanwhile , KTM ’ s financial troubles worsen as reports show workers being unpaid . Citibank is now stepping in to help with the debt load that is reportedly around $ 3 billion USD .
The company entered a voluntary selfmanaged restructuring , the Austrian version of Chapter 11 in the U . S ., but with the company brass in charge of the proceedings .
According to an announcement from Pierer AG :
“ Pierer Mobility has appointed Citigroup to reorganize its ownership structure . The Austrian-based company is currently in talks with potential strategic and financial investors . These include both existing partners as well as new strategic and financial investors .
Citigroup Global Markets Europe AG was appointed today to support this process in a structured , transparent , and efficient manner that is in the best interest of all stakeholders .
The objective of the investment process is to have investors subscribe to a necessary cash capital increase or financial instruments of Pierer Mobility AG . These funds will be used to strengthen the Pierer Mobility Group , in particular KTM AG .
In order to finalize the structured investor process , it will be necessary to convene a shareholders ’ meeting in due course to pass the relevant resolutions .”
We still think that KTM and its parent company will survive this crisis , but the costs are mounting , and unless some significant cuts are made , such as the MV Agusta sale , it may have to shed even more weight soon .
family moved to Phoenix , Arizona . McGee ’ s love for auto racing began in the 1950s . In 1957 , her focus shifted to motorcycling as she hopped aboard two wheels for the first time , learning to ride on a 200cc Triumph Tiger Cub she bought from a friend . Soon after , McGee became the first woman in the U . S . to hold an FIM license .
Getting her start in road racing — intending to improve her car racing skills — McGee shifted to dirt racing in 1963 , competing in an AMA District 37 enduro aboard a 250cc 1962 Honda Scrambler . In 1967 , McGee became the first woman to ride the Baja 500 . Eight years
For her efforts as a competitor and advocate for women in motorcycling , Mary McGee was inducted into the AMA Motorcycle Hall of Fame in 2018 . Photo courtesy of the Off-Road Motorsports Hall of Fame
later , McGee completed the event , which is typically a two-person race , solo .
McGee continued to race motorcycles and cars until 2011 . Throughout her career , McGee remained a steadfast ambassador for motorcycling , encouraging everyone to ride . For her efforts as a competitor and advocate for women in motorcycling , McGee was inducted into the AMA Motorcycle Hall of Fame in 2018 .

Partnering with Protective is essential for your F & I success .

Unlock the full potential of your dealership .

Maximize your profitability , customer satisfaction , and long-term growth with Protective ' s tailored F & I solutions .
For over 60 years , we ’ ve delivered personalized service , a robust suite of products and wealth-building programs , along with innovative training to meet the unique demands of the powersports industry .
Partner with us and experience real F & I success .
Join the leaders in F & I success — because your dealership deserves the best . 800-269-8127 | protectiveassetprotection . com / essential / powersports
Vehicle Protection Plans | GAP Coverage | Limited Warranty Programs | Ancillary Products Lifetime Battery Protection Plan | Wealth-Building Programs | F & I Training & Technology
The Protective logo and service mark on this advertisement are property of Protective Asset Protection , Inc . and are protected by copyright , trademark and / or other proprietary rights and laws . The Protective logo and trademarks are owned by Protective Life Insurance Company .